World Bank Community Connections Fund
- Assets
- $581.7k
- Revenue
- $578.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 02/2003
- Data as of
- 06/2022
- EIN
- 42-1559999
Organization Overview
World Bank Community Connections Fund is located in Washington, DC. The organization was established in 2003. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Bank Community Connections Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, World Bank Community Connections Fund generated $578.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (28.2%) each year. All expenses for the organization totaled $550.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (28.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, World Bank Community Connections Fund has awarded 881 individual grants totaling $27,702,639. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WBCCF GENERAL FUND AWARDS CONTRIBUTIONS TO NONPROFITS SERVING NEEDY COMMUNITIES IN DC REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY FINANCIAL ACTIVITY OF THE WORLD BANK COMMUNITY CONNECTIONS FUND (WBCCF) IN FISCAL YEAR 2022 WAS THE ALLOCATION OF FUNDS DESIGNATED TO ITS WBCCF GENERAL FUND VIA THE WORLD BANK GROUP'S ANNUAL WORKPLACE GIVING PROGRAM - THE COMMUNITY CONNECTIONS CAMPAIGN (CCC). THE WBCCF BOARD OF DIRECTORS AWARDED A TOTAL OF $500,000 IN SPECIAL GRANTS TO SIX NONPROFIT ORGANIZATIONS ON THE CCC LIST, WHICH ARE PUBLIC CHARITIES EXEMPT UNDER IRS SECTION 501(C)(3). WBCCF DID NOT DERIVE ANY REVENUE SUCH AS FEES FOR SERVICES OR SALES OF GOODS DIRECTLY FROM THIS ACTIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clare Evans President | OfficerTrustee | 3 | $0 |
Gail Davenport Secretary | OfficerTrustee | 2 | $0 |
Sheila Redzepi Treasurer | OfficerTrustee | 2 | $0 |
Lindsey Buss Executive Officer | Officer | 10 | $0 |
Merli Baroudi Board Member | Trustee | 1 | $0 |
Anis Dani Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $324,912 |
| All other contributions, gifts, grants, and similar amounts not included above | $251,577 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $576,489 |
| Total Program Service Revenue | $0 |
| Investment income | $1,802 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $578,291 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $510,200 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,113 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $120 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,257 |
| All other expenses | $0 |
| Total functional expenses | $550,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $569,365 |
| Pledges and grants receivable | $12,285 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $581,650 |
| Accounts payable and accrued expenses | $600 |
| Grants payable | $300,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $300,600 |
| Net assets without donor restrictions | $236,050 |
| Net assets with donor restrictions | $45,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $581,650 |
Grants Awarded
Over the last fiscal year, World Bank Community Connections Fund has awarded $500,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Hyattsville, MD PURPOSE: TO SUPPORT ORGANIZATION'S OVERALL CHARITABLE MISSION VIA ITS CAPITAL CAMPAIGN. | $150,000 |
Washington, DC PURPOSE: TO SUPPORT ORGANIZATION'S OVERALL CHARITABLE MISSION VIA ITS CAPITAL CAMPAIGN. | $100,000 |
Alexandria, VA PURPOSE: TO SUPPORT ORGANIZATION'S OVERALL CHARITABLE MISSION VIA ITS CAPITAL CAMPAIGN. | $100,000 |
Arlington, VA PURPOSE: TO SUPPORT ORGANIZATION'S OVERALL CHARITABLE MISSION RELATED TO WORKFORCE DEVELOPMENT. | $50,000 |
Washington, DC PURPOSE: TO SUPPORT ORGANIZATION'S OVERALL CHARITABLE MISSION RELATED TO WORKFORCE DEVELOPMENT. | $50,000 |
Washington, DC PURPOSE: TO SUPPORT ORGANIZATION'S OVERALL CHARITABLE MISSION RELATED TO WORKFORCE DEVELOPMENT. | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that World Bank Community Connections Fund has recieved totaling $511,081.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $511,081 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Msi-Us Washington, DC | $1,301,607 | $71,292,993 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Bhp Foundation Washington, DC | $309,092,778 | $68,102,954 |
Wyss Medical Foundation Inc Washington, DC | $41,278,790 | $827,503 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |
The Morningstar Philanthropic Foundation Bethesda, MD | $552,631,179 | $17,887,743 |
Danville Regional Foundation Danville, VA | $280,479,931 | $21,605,962 |
Freedom Forum Inc Laurel, MD | $0 | $16,145,029 |